Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer the following question Chart A Chart 2 Chart 3 Sunland and Crede, CPAs, are preparing their service revenue (sales) budget for the coming

Please answer the following question

image text in transcribed

Chart A

image text in transcribedimage text in transcribed

Chart 2

image text in transcribedimage text in transcribed

Chart 3

image text in transcribed

Sunland and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2022). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2.190 1.490 1.880 2.270 Tax 2,820 2,040 1,880 2.350 Consulting 1,410 1.410 1,410 1,410 Average hourly billing rates are auditing $ 60, tax $ 70, and consulting $ 90. Prepare the service revenue (sales) budget for 2022 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue. SUNLAND AND CREDE, CPAs Service Revenue Budget Quarter 1 Dept. Billable Hours Billable Rate Total Rev. Billable Hours Auditing $ $ Tax Consulting Totals $ SUNLAND AND CREDE, CPAs Service Revenue Budget er 1 Quarter 2 Rate Total Rev. Billable Hours Billable Rate Total Rev. $ $ $ $ SUNLAND AND CREDE, CPAs Service Revenue Budget Quarter 3 Dept. Billable Hours Billable Rate Total Rev. Billable Hours Auditing $ ta Tax Consulting Totals $ SUNLAND AND CREDE, CPAS Service Revenue Budget Quarter 4 Rate Total Rev. Billable Hours Billable Rate Total Rev. $ $ $ $ $ SUNLAND AND CREDE, CPAS Service Revenue Budget Year Dept. Billable Hours Billable Rate Total Rev. Auditing $ $ Tax Consulting Totals $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To AccountingAn Integrated Approach

Authors: Penne Ainsworth, Dan Deines

8th Edition

1119600103, 9781119600107

More Books

Students also viewed these Accounting questions